Allworth Financial LP Has $77,000 Holdings in OGE Energy Corp. (NYSE:OGE)

Allworth Financial LP lifted its holdings in OGE Energy Corp. (NYSE:OGE) by 185.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815 shares of the utilities provider’s stock after acquiring an additional 1,180 shares during the quarter. Allworth Financial LP’s holdings in OGE Energy were worth $77,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of OGE Energy by 4.1% in the third quarter. Raymond James & Associates now owns 233,437 shares of the utilities provider’s stock worth $9,576,000 after acquiring an additional 9,255 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in OGE Energy by 3,834.0% during the 3rd quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after buying an additional 729,579 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in OGE Energy by 10.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,978 shares of the utilities provider’s stock valued at $614,000 after buying an additional 1,404 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of OGE Energy by 14.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,425 shares of the utilities provider’s stock valued at $381,000 after buying an additional 1,214 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of OGE Energy by 0.5% during the third quarter. State of Alaska Department of Revenue now owns 300,775 shares of the utilities provider’s stock worth $12,337,000 after acquiring an additional 1,580 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OGE. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays cut their price objective on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.00.

OGE Energy Price Performance

Shares of OGE opened at $45.15 on Tuesday. The stock has a market cap of $9.08 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. OGE Energy Corp. has a 1 year low of $32.37 and a 1 year high of $45.60. The stock’s 50-day moving average price is $42.18 and its two-hundred day moving average price is $41.43. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, April 7th. OGE Energy’s payout ratio is 76.36%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.